Already planning to lay off 900 workers from shipbuilding yards in Louisiana and Mississippi, Northrop Grumman Corp. reports that an additional 1,000 jobs in Louisiana and Mississippi will be lost to attrition, according to a report on GadsdenTimes.com. Since a hiring freeze was started last summer, 400 vacant positions have gone unfilled following resignations and retirements. The company said it expects to eliminate another 600 jobs through attrition within 12 months. On Monday, the company reported that it will lay off about 900 workers, mostly welders, over the next four months. Those layoffs are on top of 120 drafters and designers laid off from Northrop shipyards in January.
MARINETTE, Wis. − April 22, 2011 – Marinette Marine Corporation is currently in the process of recalling all of their laid off employees. Work is ramping up on The Alaska Region Research Vessel, the NOAA Fisheries Survey Vessel, along with continued work on the LCS Fort Worth. Work is also starting on LCS-5 the USS Milwaukee. The recall of the remaining laid-off employees marks an important milestone for the Company
Norwegian offshore supply firm Aker Maritime officials have announced the elimination of 350 jobs out of 1,070 at its Aker Verdal yard and said that the company would probably lay off 250 more workers from the yard by the end of 1999. "The decision is in line with plans announced earlier, and reflects a lower level of activity and depressed market prospects for the yard," officials said.
According to a report from The Chosun Ilbo, the labor union of Hanjin Heavy Industries and Construction's shipbuilding unit agreed on June 27 to end a strike that has lasted for over six months. The company will not rehire laid-off workers, but will compensate them if they voluntarily retire. Both sides also agreed to drop the legal cases against each other. Source: The Chosun Ilbo
COSL Drilling Europe is reportedly being forced to make 229 rig staff redundant as a result of Statoil’s decision to cancel the charter for semi-submersible unit COSL Pioneer. Statoil announced the termination of contract since 8 October 2014, which is 13 months before the expiry date. Statoil explained that contract was canceled, as company has not managed to find alternative activity for the semi-submersible drilling rig.
South Korean liner carrier Hanjin Shipping has announced job cuts in the U.S., but says the move is not connected to its failure and filing for bankruptcy protection, says a report in Bloomberg. Hanjin will lay off about 180 members of its 500 person workforce in the United States, say sources. Fewer employees are needed because the shipper is no longer booking export cargo. Meanwhile, according to New Jersey On-Line, Hanjin Shipping Co
Nichols Brothers Boat Builders returned to work after the company laid off 185 employees Nov. 2. Shortly thereafter, the company filed for bankruptcy protection, a move necessitated by a big lawsuit filed by a disgruntled customer. While the bankruptcy issues are far from settled, Nichols Brothers was allowed to negotiate with individual boat owners to see that their projects, shut down on Nov. 2, could be completed.
“Today’s report from the Obama Administration on the job losses caused by their blanket deepwater drilling moratorium downplays the true impact being felt in the Gulf Region,” said Randall Luthi, President of the National Ocean Industries Association. “It will be no comfort to these unemployed workers to read how their plight could be worse had the Department’s earlier estimates of 23,000 rendered jobless been realized.”
A bipartisan coalition urge Congress to pass a Defense Appropriation Bill to avoid another Continuing Resolution (CR) & Sequestration. A bipartisan coalition of labor unions and maritime business owners affiliated with the Shipbuilding Council of America have jointly sent a letter to congressional leaders urging them to pass a defense appropriations bill and avoid sequestration cuts before the Navy begins widespread lay-offs and cancellation of ship maintenance on February 15, 2013.
Aquatic Asia Pacific Pte. Ltd, an Acteon company and subsidiary of Aquatic Engineering & Construction Ltd, inform it has successfully completed its new carousel, the AQCS-01-1500 maiden project. Aquatic partnered with integrated subsea services provider Kreuz Subsea on the project. The carousel was successfully used to install 9.7km of 218mm diameter umbilical in the South Belut field offshore Indonesia for ConocoPhillips
The AP Moller-Maersk Group subsidiary Maersk Supply Service,, which is part of the "fifth leg" in the light blue conglomerate, is divesting up to 20 vessels over the coming 18 months and reducing its crew pool by 400 offshore positions.
According to a report by Korea Economic Daily the number of workers who left Korea's top-three shipbuilding companies - Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering - in the first half of this year is estimated at around 5,000.
To stay above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ. The country's fourth largest shipyard filed for receivership in May
A development by Fugro for its work class remotely operated vehicles (ROVs) has been utilised successfully in cable lay touchdown monitoring operations at the Rampion Offshore Wind Farm. A new track base unit, fitted to its FCV ROV, has been introduced to ensure highly accurate cable
Dales Marine, a privately owned ship repair companies in Scotland, has enhanced its portfolio by introducing two new services to support the growing needs of the shipping and offshore industry. In addition to its capabilities for working in ship repair and maintenance
Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016, up from a previously stated goal.
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player, to provide first gas and construction support on its assets in the Southern North Sea.
Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million. It has also reached an agreement with builder China Merchants Industry Holdings to postpone the delivery dates for its new assets currently
Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for
Classification society DNV GL announced at the Posidonia trade fair that it had issued the first “Clean Lay-up” declaration under its newly released classification guideline The guideline enables shipowners and managers to demonstrate that their vessel is laid up in a
The 127,500dwt Solitaire has completed some of the most challenging projects in which heavy pipe has been laid in very deep waters. Originally built in Japan as a mini-Capesize bulk carrier, the Lloyd’s Register-classed vessel was converted to lay pipe in 1998
New order intake of NOK 6.2 billion from contract wins for 19 vessels. Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of the major global designers and shipbuilders of offshore and specialised vessels
Russia's sixth Yasen-class nuclear submarine will be laid down at the Sevmash ship-building company in the city of Severodvinsk on July 29, reports RIA Novosti. The Navy currently possesses one Yasen-class submarine, the Severodvinsk
1832 - USS Potomac, becomes the first U.S. Navy ship to entertain royalty, King and Queen of Sandwich Islands. 1858 - The last bit of cable is laid by USS Niagara and British ship Agamemnon to complete the first trans-Atlantic cable
Rickmers Maritime incurred a loss of US$55.6m in the second quarter, wider than the year earlier $15.7m on the back of a non-cash impairment charge as charter market conditions deteriorate. The Singapore-based consider is planning to lay up some of the 11 containerships it has